Indian equity market ended up 0.50%; Nifty up 32 pts and Sensex up 106 pts.
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.

Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips

Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips

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The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.

RESISTANCE: 5570 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: 5480 & below this level the next support is seen near 5410 mark.

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The dollar hovered near a two-week low against a basket of currencies.
Gold steady on Greece debt fear.
Brent crude oil fell below $115 a barrel on Monday.
Silver rose as much as 1.3 percent to $38.36.
Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. Shanghai copper fell on Monday on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May.
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The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark

In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row. 

Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks

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Nifty Trading Levels: 30 May 2011
RESISTANCE: 1- 5490 & above this level the next resistance  5530
SUPPORT:1-  5415 & below this level the next support 5310  
 
Stock Market Analysis News 
The bourses ended on a positive note for the second consecutive day. At close, the Bombay Stock Exchange’s Sensex was at 18,266.10, up 221.46 points or 1.23% from the previous close. The National Stock Exchange’s Nifty shut shop at 5,476.10, higher by 63.75 points or 1.18%.


The bourses opened on a positive note today, triggered by strong global cues. Since then, they kept hitting fresh intraday highs till the closing bell. The BSE 30-stock index rose as high as 18,298.64 and Nifty hit the day’s high at 5,485.80, in trade today.

The broader markets too ended in the green with BSE Midcap index gaining 1.42% and BSE Smallcap index up 0.83%. Click Here For Nifty Tips | IT and Real State calls

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The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.  The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

Indian markets down 1.50%, Nifty slips below 5850 & Sensex below 19500.
WPI Inflation came at 8.98 % vs. 8.31%, Mfg. products came at 6.21 vs. 4.94%.
European markets were mixed with DAX leading, Dow future was down 5 pts.
Indian market ended down 1.50% due disappointing IT bellwether; Infosys results & rising inflation as Nifty lost 87 pts to end at 5825 while Sensex was down by 310 pts to settle at 19386. Euro markets were in green due to number of positive economic data with FTSE up 23 pts, CAC down 4 pts & DAX up 32 pts. Dow future was down 5 pts.
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After rallying in green zone for last two weeks, market today faced  the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.

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